Bitcoin miners brought in more than $500 million in revenue during November
Bitcoin miners made roughly $521 million in revenue during November — a significant jump over the previous month’s figure.
According to data collected by The Block Research, the November number represented a 47.9% increase compared to October’s $352.57 in total Bitcoin miner revenue.
Generally speaking, miners earn money by successfully creating the next block of transactions, earning both the built-in subsidy — currently 6.25 BTC — as well as the combined fees paid alongside the transactions included in the block. Of the $521 million earned in November, nearly $55 million came in the form of transaction fees.
For more data-driven details about the month of November, read The Block Research’s by-the-numbers crypto data breakdown.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Go to Source
Author: Michael McSweeney